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PA businesses can receive a 75% to 90% tax credit for contributions to educational improvement organizations

If you are a business in PA, you might consider a contribution to an approved Educational Improvement Organizations. If you are a qualified business, you can received a PA tax credit of 75% of your contribution (90% if same contribution for two years). You need to make sure you meet the requirements (i.e. provide proof

By |2024-07-11T18:50:07+00:00September 2nd, 2024|Categories: Business|Tags: , , , , , , , , |

Mid-year Financial review – Tax changes & BOI compliance – Recording available in YouTube

Our colleagues from NJ SBDC have posted the Mid-year Financial review seminar from mid-June 2024 in Youtube. We highly recommended checking the amazing video library of this organization as it has over a hundred and fifty recording on different topics relevant to any business owner. What You'll Learn from this presentation: - Key tax changes

By |2024-06-27T02:39:11+00:00June 27th, 2024|Categories: Business|Tags: , , , , , , , , , , , |

Educational assistance program – benefits up to $5,250 are not compensation (box 1 – w2)

In the IR-2024-167, the IRS shares the Frequently Asked Questions and general guidance on how the employee's w2 will not reflect any additional compensation for educational assistance programs with benefits of up to $5,250 if there is a section 127 program at your employer. This is an excellent way to have the employer pay for

By |2024-11-12T20:03:33+00:00June 18th, 2024|Categories: Business, Individuals|Tags: , , , , , , , |
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